Fetterman

#181
#181
McDad said:
US Steel is a private company. He wants to block the sale of a private company and some of yall support his decision?
Click to expand...
Well, I don’t know what his argument is against the sale. I don’t think simply being private, alone, means you’re not a capitalist to think government has a legitimate responsibility in transactions involving foreign entities. Even preventing them.
 
#182
#182
NCFisher said:
Well, I don’t know what his argument is against the sale. I don’t think simply being private, alone, means you’re not a capitalist to think government has a legitimate responsibility in transactions involving foreign entities. Even preventing them.
Click to expand...
If the US government wants control, they need to buy shares. Is the company allowed self determination?
 
#183
#183
McDad said:
If the US government wants control, they need to buy shares. Is the company allowed self determination?
Click to expand...
If there’s clearly no national security concern, agreed.
If it were China or Russia purchasing, that could be a hard no.
 
#185
#185
McDad said:
Isn't it Nippon (Japan) steel who wanted to buy?
Click to expand...
Yes, and why I stated I don’t know what Fetterman‘s concern is.

More broadly responding to some implying that we have to reflexively respect the market system at all times. Allowing critical tech or production to transfer to a geopolitical enemy is not required of capitalist or commie.
 
#186
#186
NCFisher said:
Yes, and why I stated I don’t know what Fetterman‘s concern is.

More broadly responding to some implying that we have to reflexively respect the market system at all times. Allowing critical tech or production to transfer to a geopolitical enemy is not required of capitalist or commie.
Click to expand...
Do you consider steel manufactured by US Steel critical production?
 
#187
#187
McDad said:
Do you consider steel manufactured by US Steel critical production?
Click to expand...
Don’t know enough about it to opine, or what natsec concern there might be selling to a friendly.
May be just PR posturing by Fett. Seems kind of late to be concerned.
 
  • Like
Reactions: McDad
#190
#190
McDad said:
But is US Steel's steel critical?
Click to expand...
no for me - domestic production is important but if it was a Japanese company I'd be fine with it unless we were in some conflict with them.

we can always do a Fed take over of a foreign owned plant if necessary for national defense.
 
  • Like
Reactions: StarRaider
#191
#191
volinbham said:
no for me - domestic production is important but if it was a Japanese company I'd be fine with it unless we were in some conflict with them.

we can always do a Fed take over of a foreign owned plant if necessary for national defense.
Click to expand...
Are any of us aware that NUCOR produces more for domestic use than US Steel?
 
  • Like
Reactions: Godfatha and StarRaider
#193
#193
McDad said:
Are any of us aware that NUCOR produces more for domestic use than US Steel?
Click to expand...
domestic use steel < Abrams tank steel (not that there is anything wrong with NUCOR steel for conduit and wut nots)

disclaimer: i am a huge fan of the people working at Gary, Cleveland, Fairfield, Edgar Thomson, Granite City, Great Lakes, Clairton, etc.
 
Last edited:
#194
#194
StarRaider said:
domestic use steel < Abrams tank steel (not that there is anything wrong with NUCOR steel for conduit and wut nots)

disclaimer: i am a huge fan of the people working at Gary, Cleveland, Fairfield, Edgar Thomson, Granite City, Great Lakes, Clairton, etc.
Click to expand...
The process at US Steel produces better steel¿
 
#195
#195
McDad said:
Do you consider steel manufactured by US Steel critical production?
Click to expand...
I think it has been proven in the past that US steel is superior in quality. That can be taking in counteless argumentive directions concerning critical.
 
  • Like
Reactions: McDad
#196
#196
GVF said:
I think it has been proven in the past that US steel is superior in quality. That can be taking in counteless argumentive directions concerning critical.
Click to expand...
I am not a steel expert. In fact, i only know about NUCOR because son in law worked in one of their facilities for a year.

But with respect to US Steel, the PR campaign of superior quality actually began with Carnegie. I have no idea if it PR or PR based in fact.
 
#197
#197
McDad said:
I am not a steel expert. In fact, i only know about NUCOR because son in law worked in one of their facilities for a year.

But with respect to US Steel, the PR campaign of superior quality actually began with Carnegie. I have no idea if it PR or PR based in fact.
Click to expand...
The only thing I'm aware of is US Steel has been shown to have more integrity and strength than imports, lacking the porous make-up of some imported steel that should not have porous defects. THat could be the process, or the ore. That I don't know. So, if it's non-critical use, go for what fits hte budget. It it's critical like bridges, high rises, go for the gold. I have seen over hte years GC's get in a mess for quoting US steel and cutting corners with import, and issues arose and there was blood cause they were swindlers and crooks.
 
  • Like
Reactions: McDad
#198
#198
GVF said:
The only thing I'm aware of is US Steel has been shown to have more integrity and strength than imports, lacking the porous make-up of some imported steel that should not have porous defects. THat could be the process, or the ore. That I don't know. So, if it's non-critical use, go for what fits hte budget. It it's critical like bridges, high rises, go for the gold. I have seen over hte years GC's get in a mess for quoting US steel and cutting corners with import, and issues arose and there was blood cause they were swindlers and crooks.
Click to expand...
Are you aware of reports of tensile strength ( i assume this is the measurement you're referencing) compared to other American companies such as NUCOR?
 
#199
#199
Was in the steel business for some time, we bought a significant amount of steel from Nucor Yamato, as well as metal deck/joist from Vulcraft (also Nucor). There was no discernable difference in quality between Nucor (produced domestically), Chapparal (now owned by Gerdau Ameristeel), and Steel Dynamics. Now, steel produced outside of the US, like Spanish steel, for instance, was obviously inferior to American steel.
 
  • Like
Reactions: McDad
#200
#200
Godfatha said:
Was in the steel business for some time, we bought a significant amount of steel from Nucor Yamato, as well as metal deck/joist from Vulcraft (also Nucor). There was no discernable difference in quality between Nucor (produced domestically), Chapparal (now owned by Gerdau Ameristeel), and Steel Dynamics. Now, steel produced outside of the US, like Spanish steel, for instance, was obviously inferior to American steel.
Click to expand...
Great add to the convo.

Do you have concerns about Nippon buying US Steel? If so, what are they?
 
New posts
You must log in or register to reply here.
Advertisement

Back
Top